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Prediction market exchange Kalshi has officially launched 24/7 perpetual futures contracts on gold and silver, regulated directly by the US Commodity Futures Trading Commission (CFTC). This milestone marks the introduction of the first CFTC-regulated perpetual contracts in the United States. Designed to provide market participants with continuous risk management tools, these new offerings allow retail and institutional traders to gain round-the-clock exposure to precious metals without traditional market closure interruptions. The initiative aims to present a lower-cost, highly accessible alternative to traditional futures contracts, exchange-traded funds (ETFs), and physical bullion. By operating around the clock, Kalshi allows market participants to quickly react to macroeconomic developments, central bank announcements, and geopolitical events occurring outside standard US trading hours. The perpetual structure also eliminates the need for traders to manage expiration dates or periodically roll over positions. Moving forward, Kalshi's entry into regulated perpetual markets could pave the way for broader regulatory acceptance of similar financial instruments in the US financial ecosystem. Market observers will be watching closely to see whether institutional adoption grows and how traditional derivatives venues respond to competition from continuous, lower-cost contract structures.
